Title: Help Sarah & David Decide: Can They Afford a $1.2M Home and 3 Colleges? Tagline: Can Sarah and David Afford Their Dream $1.2 Million Home in Austin While Saving for 3 College Educations? Problem: Sarah and David, a dual-income couple in Austin, Texas, earn a combined $450,000 annually. They have three children, ages 14, 16, and 18, all rapidly approaching college. They've fallen in love with a $1.2 million house in a desirable school district, but they're unsure if they can realistically afford the mortgage payments while simultaneously funding their children's escalating college expenses. They're also concerned about the impact of potential future interest rate hikes and property tax increases on their long-term affordability. They have $150,000 saved for a down payment and approximately $300,000 in their combined 401(k)s. They currently pay $3,500/month in rent. Solution: Our Home Affordability Calculator provides a clear, personalized assessment of their financial situation, factoring in their income, expenses (including estimated college costs), debt, and desired down payment. By inputting their specific financial details and considering various mortgage interest rate scenarios, Sarah and David can determine the maximum affordable purchase price and monthly mortgage payment, ensuring they don't overextend themselves. This empowers them to make an informed decision about whether to pursue their dream home or explore more budget-friendly options. ROI: By using the calculator, Sarah and David discover that, as initially planned with the $1.2M home, they would be short $2,000 a month to cover the mortgage and college expenses. After experimenting with a smaller down payment and slightly smaller homes in different neighborhoods, they are able to find a property for $950,000. This results in a $1,000 savings per month on mortgage payments, allowing them to comfortably contribute $3,000 per month to their children's college funds, rather than the originally planned $2,000, improving their college savings trajectory by 50% over the next 4 years, resulting in $48,000 added to their college savings accounts. They also find that a 1% change in interest rate changes their maximum affordability by approximately $100,000, highlighting the importance of monitoring market conditions. Description: Unlock your home-buying potential! See how much house you can really afford, even with competing financial priorities. Category: Lead Gen